When people have more money and eagerly spend it, this increases demand, whereas demand-pull leads to inflation.
<h3>What is demand-pull inflation?</h3>
Demand-pull inflation is a monetary phenomenon where demand exceeds supply and increases prices.
- When the prices of raw materials/labor increase, it leads to an increase in the costs of production and results in higher prices for the consumers.
In conclusion, when people have more money and eagerly spend it, this increases demand, whereas demand-pull leads to inflation.
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It failed because China is a land of the proletariat and the ruling party is a communist one while the fifth modernization was about introducing democracy. Since the party represents the working class and the will of the people in theory, democracy is against it since it would enable those who are against the party to also compete which would in theory mean that they are against the people.
Genghis Khan was a leader with lot of great qualities, and he is regarded as a great leader, one of the greatest in history in fact.
Explanation:
Genghis Khan was a Mongol ruler of the Mongol Empire. He managed to unite the Mongol tribes and make them the greatest power of their time. Genghis Khan also set the foundations for the formation of the largest empire that the world has seen until then, only to be surpassed in size by the British Empire few centuries later.
This Mongol ruler possessed many great qualities. He was very wise, excellent tactician, loved his people, was establishing peace on the conquered territories, encouraged people of ethnic and religious backgrounds to collaborate and coexist. It is very interesting that Genghis Khan can be seen bot as a nationalist and as a liberal, from modern perspective of course.
His nationalist tendencies are seen in the fact that he loved his country, he loved his people, and he made sure that every Mongol has all of the basic needs for life secured. On the other side, his liberalism can be seen in the fact that he had nothing against people of other ethnic, cultural, and religious backgrounds, but instead he was encouraging all people to put their differences aside, collaborate, and help each other for the benefit of everyone. All in all, Genghis Khan was an excellent leader, and a model as to how many other leaders should have been in that period of time.
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Answer:
A
Explanation:
The Japanese restricted access until the Perry Expedition and the Meiji Restoration.
